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by Fabrizio Patti 29 October 2019 Beginning undertone for the European stock exchanges, which yesterday closed all in progress and come from a positive month. + 3.24% the balance of the last month for the Ftse Mib, + 24% from the beginning of the year.
Now Piazza Affari marks -0.08%, slightly better than Frankfurt and Paris (both -0.15%), and London (-0.30%), still struggling with the uncertainty of Brexit.
Yesterday the SP 500 index of New York hit a new historical record, at 3,044 points, and closed up by just over half a point. Even better, the Nasdaq (+ 1%), driven by the results above the expectations of Spotify (+ 16%) from Microsoft (+ 2.46%), which celebrated the big order on the cloud sector obtained by the US government.
There is also optimism about the negotiations between the United States and China. Yesterday Donald Trump said that a partial agreement is possible before the Apec summit in Chile on November 16th. "We are looking into the possibility of being ahead of schedule to sign a very important part of the agreement with China," he said.
Tomorrow the Fed, the US central bank, will decide whether to cut rates. Most analysts expect a reduction of a quarter of a point.
In the night, Asian bags are contracted. Well Tokyo (+ 0.46%), negative instead both Shanghai (-0.87%) and Hong Kong (-0.39%).
Salvatore Ferragamo goes down among the shares in Piazza Affari, -2.29%, after yesterday's progress due to optimism about the talks between the United States and China. More than 1% descent also for Saipem and Juventus. The positive streak of StMicroelectronics (+ 0.58%) instead continues. Unicredit, Banco Bpm, Campari and Mediobanca are among the best titles. Among the sectors, down oil & gas, industrial and utilities. On technology, food & beverage and banks